A CRITICAL ASSESSMENT OF THE IMPACT OF THE DRAFT BILL OF AN “ASSOCIATION SANCTIONS ACT” ON SMES AND M&A TRANSACTIONS
The draft bill of an Association Sanctions Act (Verbandssanktionsgesetz) has been available since summer 2019 and is currently being discussed by public associations. It is intended to introduce a completely new liability and sanction regime for companies which, among other things, will pose additional compliance management challenges for SME companies.
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